On the nymex exchange part of the cme the daily volume of, Financial Management

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On the nymex exchange part of the cme the daily volume of

On the Nymex exchange (part of the CME), the daily volume of WTI futures contracts is over 1 million. However, on the ICE, the daily volume of WTI futures contracts is less than 1,000. Explain why there is such a large difference in the daily volume between the 2 exchanges for WTI futures.

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